Raghuram Rajan on Monday underlined the need to make taxation more transparent so that the Indian economy is able to attract stable inflow of foreign capital for strong growth.
Taking a dig at the previous UPA administration for bringing in the retro tax, Jaitley said this had resulted in many disputes which gave the country "a bad name" among global investors who chose to leave the country.
The Centre has extended by six months, till April 15 next year, the deadline for central government employees to file the details of their assets and liabilities, along with that of their spouses and dependent children, as mandated under the Lokpal Act.
Government is set to unveil an ambitious PAN activity monitoring and analysis software tool that will enable Income Tax department to check transactions history of a person country-wide and help sleuths in effective tracking of black money trail.
Arbitration is not the best way to resolve tax disputes, CBDT Chairperson Anita Kapur said , stressing that the Indian legal system is fair enough to deal with taxation issues.
Aon, one of the world's largest insurance brokers, has decided to exit from the Indian market due to regulatory issues.
RBI's move to lower loan-to-value ratios and risk weights for individual housing loans can help bring down interest rates on home loans by another 25-30 basis points over the next few months, says a report.
Rational personal taxes, flat 25% corporate tax in 4 years: FM Jaitley
Fixed deposits, which are popularly used as investment instruments, can also be harnessed to save your income from the tax burden. Find out what is the the difference between tax-saving fixed deposits and normal fixed deposits.
Insurance Regulatory and Development Authority of India (IRDAI) will issue corporate governance norms this month to address issues such as management control of insurance companies among other things
The government on Thursday extended the last date of filing of audit report and the return of income for the Assessment Year 2015-16 to October 31.
Forms 15G and 15H are filed by persons whose incomes are below the taxable threshold, to seek exemption from TDS on interest income.
Those earning Rs 4 lakh per annum, besides people in tier-II and tier-III cities with taxable income but not paying taxes are on the radar of the Income Tax department which has launched an ambitious drive to net one crore new assesses this financial year.
Even though Irda has allowed banks to tie-up with three insurers from each segment of life, non-life and health to sell their products, State Bank of India has said it will only market schemes of its subsidiaries.
As part of efforts to popularise the electronic mode of filing Income Tax Returns (ITRs), the CBDT is planning to provide "pre-filled" return forms to filers which will have an automatic upload of data on income and other vitals of a taxpayer.
Two major associations of Income Tax department employees Wednesday declared they have slowed down the work of revenue collection and threatened to stop all work on this front if their service-related demands are not met by early next month.
Promising a simple and globally competitive tax regime, Finance Minister Arun Jaitley on Monday said the government is confident of the new GST regime to roll out from the next fiscal and expressed confidence about an early resolution of pending disputes on direct taxes front.
The government is keen on early resolution of the three pending tax disputes -- involving foreign giants Vodafone, Cairn and Shell -- and the best way to get an expeditious disposal is being worked out, Finance Minister Arun Jaitley said on Sunday.
Finance Minister Arun Jaitley tonight said only about 2-3 legacy tax issues are left which he hoped will be "put to sleep" over the next couple of months.
Promising more reforms, Finance Minister Arun Jaitley Thursday said efforts are being made to "put to sleep" pending taxation issues to attract investments and make fundamentals of the economy sound so that it can withstand the global turmoil.